Italy's Baglioni Hotels moves toward expansion

11/26/2008 | Reuters

Despite tighter spending because of global economic woes, Italy's Baglioni Hotels group is looking to expand beyond its 14 boutique hotels in Italy, France and Britain. The luxury-hotel company got a boost from a $38.62 million investment from private-equity group Sator, and it has five hotels that are in or nearly in the pipeline, in Budapest, Hungary; Dubai, United Arab Emirates; Marrakesh, Morocco; Miami; and Mumbai, India.

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